Economics 0455 · IGCSE · Supply

Supply — practice question

The diagram illustrates the supply curve for a good. What is the name and cause of the movement from X to Y?

  • Aa contraction of supply caused by a decrease in demand
  • Ba contraction of supply caused by an increase in demand
  • Can extension of supply caused by a decrease in demand
  • Dan extension of supply caused by an increase in demand

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